Caribbean in Palm Jumeirah - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Caribbean

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
3	212	54,294	11,500,000

The price of an apartment in Caribbean is 54,294 AED/sqm on average.

Price for completed 3 bedroom apartment in Caribbean is 11,500,000 AED or 54,294 AED/sqm.

About Caribbean

'Caribbean' in 'Palm Jumeirah' area project description

The Caribbean is a luxurious residential development located in the prestigious Palm Jumeirah area of Dubai, one of the world’s most iconic man-made islands. Designed to offer an unparalleled lifestyle experience, the Caribbean project combines opulent living spaces, state-of-the-art amenities, and stunning views to create an exclusive haven for its residents.

The architectural design of the Caribbean is a harmonious blend of contemporary elegance and tropical aesthetics, inspired by the tranquil beauty of the Caribbean islands. The development features spacious apartments, penthouses, and villas, each meticulously crafted to provide maximum comfort and style. The residences boast open-plan layouts, floor-to-ceiling windows, and high-quality finishes, ensuring a luxurious living environment. Balconies and terraces offer sweeping views of the Arabian Gulf, the iconic Dubai skyline, and the lush landscapes of Palm Jumeirah.

One of the standout features of the Caribbean project is its extensive range of world-class amenities. Residents can enjoy access to private beaches, infinity pools, and beautifully landscaped gardens, perfect for relaxation and leisure. The development also includes a state-of-the-art fitness center, complete with the latest equipment and facilities for yoga and pilates. For those seeking wellness and rejuvenation, there is a luxurious spa offering a range of treatments and therapies.

Dining and entertainment options within the Caribbean are abundant. The development boasts several high-end restaurants and cafes, offering a variety of international cuisines to cater to diverse tastes. In addition, there are stylish lounges and bars where residents can unwind and socialize. Retail therapy is also well-covered, with a selection of boutique shops and designer stores located within the complex.

The Caribbean project places a strong emphasis on privacy and security, ensuring peace of mind for its residents. The gated community is equipped with advanced security systems and 24-hour surveillance, along with dedicated concierge services to attend to the needs of residents.

Conveniently located in Palm Jumeirah, the Caribbean offers easy access to some of Dubai’s top attractions and landmarks. The development is just a short drive away from the Atlantis The Palm, Nakheel Mall, and the bustling areas of Dubai Marina and Jumeirah Beach Residence. Excellent connectivity to major road networks ensures that residents can seamlessly explore the broader city of Dubai.

With its stunning architecture, luxurious residences, and a plethora of amenities, the Caribbean project in Palm Jumeirah truly epitomizes the essence of upscale living in one of the most sought-after locations in the world.

Q&A on Caribbean

What are the advantages of 'Caribbean' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Situated on Palm Jumeirah, one of Dubai's most iconic landmarks, offering unparalleled views and an exclusive address.
2. Luxurious Lifestyle: Access to world-class amenities such as private beaches, high-end restaurants, and luxury shopping outlets.
3. Community and Security: Gated community with 24/7 security ensures a safe living environment.
4. High ROI: Properties in Palm Jumeirah generally offer strong rental yields and capital appreciation potential.
5. Connectivity: Proximity to Dubai Marina, JBR, major highways, and public transportation options for smooth connectivity.
6. Architectural Excellence: High-quality construction and contemporary design with attention to detail.
7. Recreational Facilities: Plentiful leisure options including walking trails, parks, and waterfront activities.
8. Prestige and Social Status: Owning a property here enhances social prestige and status.
9. Diverse Investment Options: Variety of property types ranging from apartments to luxury villas to suit different investment needs.

Disadvantages:

1. High Cost: Premium pricing for properties, which might be prohibitive for some buyers.
2. Maintenance Fees: Higher maintenance fees associated with luxury amenities and services.
3. Tourist Traffic: Being a popular tourist destination can lead to higher traffic and congestion during peak seasons.
4. Limited Availability: High demand can lead to limited inventory, making it competitive to secure prime units.
5. Cost of Living: Overall cost of living in Palm Jumeirah is higher compared to other areas in Dubai.
6. Regulation Changes: Potential risks from changes in property laws and regulations which could affect investment returns.
7. Natural Wear: Waterfront properties can be susceptible to weather-related wear and tear, requiring frequent maintenance.
8. Investment Risk: Real estate market fluctuations may impact property values and rental yields.

What projects are better than 'Caribbean' project in Dubai which are located close by, and why?

- Atlantis, The Royal Residences: Known for luxurious amenities, opulent design, and access to Atlantis Palma’s world-class facilities.
- One Palm by Omniyat: Features ultra-luxurious residences with private elevators, landscaped terraces, and exclusive access to luxurious amenities.
- The 8: Offers contemporary design, private beach access, and high-quality amenities, catering to modern, high-end living.
- Serenia Residences: Renowned for its serene environment, beachfront location, and superb private facilities.
- XXII Carat Club Villas: Highly exclusive, offering large, private villas with direct beach access, elite concierge services, and elegant design.

These projects stand out due to their unique architectural designs, higher levels of luxury, exclusive facilities, and, in some cases, better privacy compared to the Caribbean project.

What are the closest schools to 'Caribbean' project in Dubai?

1. GEMS Wellington International School - Located in Al Sufouh, less than 20 minutes away from Palm Jumeirah. Provides IB and British curriculums.
2. American School of Dubai - Situated in Al Barsha, approximately 20 minutes drive. Offers an American curriculum.
3. Dubai College - Found in Al Sufouh 2, about 15 minutes away. British curriculum, well-renowned.
4. Regent International School - Located in The Greens, around 20 minutes distance. Follows the British curriculum.
5. Dubai American Academy - In Al Barsha, about 20-25 minutes away. Offers an American curriculum and IB Diploma.
6. Dubai International Academy - Situated in Emirates Hills, approximately 25 minutes drive. Offers an IB curriculum.

These schools cater to various curriculums including British, American, and International Baccalaureate, providing numerous options for residents in the Palm Jumeirah area.

What are the closest medical clinics to 'Caribbean' project in Dubai?

1. Emirates Hospital Clinic, Palm Jumeirah
2. Dubai London Clinic and Speciality Hospital
3. Dr. Rami Hamed Center (DHRC)
4. Al Das Medical Clinic
5. American Hospital Clinic (Media City Branch)
6. Mediclinic Meadows
7. Saudi German Hospital Dubai